Profit

Do Tien Dung, chairman of the Board of Directors at Hang Xanh Motors Service JSC (Haxaco), said that the company counted $3.04 million in profit in Q1 last year. However, they are just trying to break even in Q1 due to a sharp fall in the demand, and the situation may spread until the end of Q2. Most car dealers saw a flat business in the year to date Consumers have been cautious due to very high borrowing costs. In addition, the quiet stock market and real estate market have badly affected people’s purchasing power. A source from Huyndai Thanh Cong reported that for the year to date, auto dealers have launched diverse incentives to attract buyers, yet demand for autos has dwindled amid surging borrowing cost and lowered incomes. Saigon General Service Corporation (Savico) commented that the threat of global economic recession, high inflation and shortage of chipsets and semiconductors would result in auto supply volatilities. Stagnant auto registration … [Read more...] about Car industry remains flat

She had announced she would leave her post as Fulbright president this summer after an eight-year stint. Thuy, 62, has master’s degrees in management from Harvard University and the Wharton School of the University of Pennsylvania in the U.S. She has also been general director of ANZ Vietnam and the Vietnam International Commercial Joint Stock Bank (VIB). Tasco was known as a major toll booth operator with projects spread throughout the country. After its founder, Phan Quang Dung, quit as president, the firm restructured with three different businesses: infrastructure-car service, real estate and insurance. This year Tasco targets revenues of VND22.5 trillion (US$957.6 million) and a profit of VND600 billion. … [Read more...] about Fulbright University chief named to Tasco management board

Le Nhat Long and a group of young volunteers gathered at a park in HCM City on Sunday afternoon to catch feral cats for their Trap - Neuter- Release (TNR) activities, which aim to reduce the population of feral cats in the area. Le Nhat Long (left) and a group of young volunteers gather at a park in HCM City on March 26 to catch feral cats for their Trap - Neuter- Release activities The 27-year-old man and his team members, who are mostly local university students, were joined by some vets. They were helped by a local man, Duong Van Lam, who has fed local feral cats over the past five years. Lam took the team to a place where he usually fed the cats. And soon some cats appeared when hearing Lam's call. The elderly man placed some food and one came to eat. Long then trapped the cat with a bag. Duong Van Lam helps the team look for the animals As the park was crowded with visitors on that day, which scared the cats, the team only caught … [Read more...] about Feral cats controlled in HCM City